Compare over 37 Universal Life Insurance policies in as little as 15 minutes.
With PolicyHub you get to compare over 37 Simpsonville, SC Universal Life Insurance policy providers in as little as 15 minutes. Save time. Save big. Get started now.
Find the perfect plan from over 37 providers
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 37 policy provider comparison.
Explore multiple policies from all the leading insurers and choose the one that fits your needs.
Locked in rate discount and exclusive deals.
Benefit from exclusive deals offered only to residents of your state, and lock in huge rate discounts.
Customized policies just for you.
Our team tailors policies to your unique needs, meaning optimal coverage at competitive rates.
"I was totally lost trying to find the right Universal Life Insurance until I found PolicyHub. I was able to work with a licensed agent to compare all my options all at one. I got the perfect plan for me at a cheaper rate than I expected."
Barbara Winters
Policy Holder
ATTN: 2024 Universal Life Insurance rates just released!
Get the latest Universal Life Insurance rates for 2024 and lock in your policy today! Get started comparing policies right now.
Get the Universal Life Insurance plan with the cheapest rates in 3 easy steps.
Done in 3 easy steps
Step 1
Tell us about yourself.
Finding the perfect life insurance policy starts with answering a few questions to help us serve you better.
Step 2
Compare rates & plans.
Discuss your options with a licensed insurance agent. Compare plans to find the best policy & cheapest rates.
Step 3
Lock in cheap rates.
Secure the lowest rates and lock in the perfect life insurance policy for you and your family.
"I lost hope trying to find a Universal Life Insurance policy that wasn't insanely expensive. Thankfully PolicyHub helped me find the perfect policy that is affordable with high coverage. Thank you!"
Bill Barton
Policy Holder
PolicyHub is the smartest way to protect the people that matter most.
Safeguard Your Family
Universal Life Insurance means safeguarding your family in a worst-case scenario. Don't risk it.
Gain Peace of Mind
Far too many Americans are financially blindsided by the death of a loved one. But not your family.
Protect Your Business
Protect your business by ensuring a smooth transition of ownership with the right life insurance.
Beat Estate Taxes
Inheritance or estate taxes is burdensome for your heirs. A life insurance policy can help.
Invest in Your Future
For less than $1 per day, you can make a huge contribution to your family's financial safety.
Build Your Legacy
Through a life insurance policy, you can leave behind a legacy for your loved ones.
Get started in less than 15 minutes.
With PolicyHub getting started is easy. Compare all the Universal Life Insurance rates from all the providers in Simpsonville, SC. Get started in under 15 minutes.
All your Universal Life Insurance needs in one place.
Universal life insurance is a type of permanent life insurance that has an investment savings element and low premiums like term life insurance. It is often adjustable, allowing you to alter the amount of coverage you have or the premiums you pay throughout the life of the policy. Part of your premium goes into an investment account, which generates a cash value that you may borrow against or invest.
Traditional universal life insurance offers flexible premiums and death benefits with cash value growth based on a set minimum interest rate. Variable universal life insurance allows policyholders to invest their cash value into various investment options, similar to mutual funds, with potential for higher returns but increased risk.
Indexed universal life insurance ties the cash value's growth to a stock market index, typically featuring a floor to guard against negative returns and a cap on potential gains. Guaranteed universal life insurance focuses on providing a guaranteed death benefit for lifetime coverage, with less emphasis on cash value growth, often making it a more affordable lifelong insurance choice.
Save time and get the best Universal Life Insurance policy with the cheapest rates. Guaranteed.
![]() |
Option 1 | Option 2 | ||
---|---|---|---|---|
100% Digital | ||||
Licensed Agents | ||||
Expert Support | ||||
Get Started in 15 minutes | ||||
Decades of Experience | ||||
Compare 37+ Providers | ||||
Zero Hidden Costs | ||||
Top Insurance Providers |
Real PolicyHub testimonials...
"I knew I needed Universal Life Insurance but I didn't know where to go. I talked with a few other companies but the cost was outrageous. I found PolicyHub and found the perfect plan for me at an affordable cost."
Wendy Smith
Policy Holder
Get matched with a 5-Star Universal Life Insurance agent.
Roy Stephens
universal life insurance agent
Roy Stephens is a universal life insurance agent licensed in your state.
Mark Sidway
universal life insurance agent
Mark Sidway is a universal life insurance agent licensed in your state.
Cale Reeves
universal life insurance agent
Cale Reeves is a universal life insurance agent licensed in your state.
"I was searching for Universal Life Insurance but quickly found out that everyone was trying to sell me on policies I didn't need. Thankfully I found PolicyHub and get the cheapest rates and the right policy."
Nicole Nielson
Policy Holder
Introducing PolicyHub Price Match Guarantee
Our priority is to save you money while getting you the right coverage. If you find a lower rate for a similar policy anywhere else, we'll match it! With PolicyHub, you can rest assured knowing you're getting the best price for Universal Life Insurance in Simpsonville, SC.
Frequent Questions...
Universal life insurance is a type of lifelong insurance policy that offers a financial benefit to a beneficiary in the event of a policyholder's death. In Simpsonville, SC, universal life insurance can provide an added layer of security to individuals and families, offering flexibility, tax savings, and a potential for growth on the policy's cash value. Universal life policies can also be structured to provide coverage for a predetermined period of time, usually 10-30 years, in addition to lifetime coverage.
What are the main differences between universal life insurance quotes in Simpsonville and whole life insurance?
Universal life insurance and Whole life insurance are two popular types of life insurance common for residents of Simpsonville, SC. Universal life policies are often more flexible, allowing changes to the death benefit and premium payments, while Whole life policies provide a guaranteed death benefit and level premium payments. Additionally, Whole life policies typically build cash value, allowing for policy holders to use it as needed, whereas Universal life policies can be used to increase the death benefit or to pay for premiums.
Are there any riders or additional benefits I can add to my universal life insurance policy Simpsonville?
Yes, as a resident of Simpsonville, SC, there are several riders and additional benefits that you can add to your policy. For example, you might consider adding an additional layer of coverage such as Flood or Earthquake insurance to your existing policy. Furthermore, you might want to consider adding various optional riders that provide additional protection in the event of a variety of life-related events, such as a disability or a critical illness. Lastly, many homeowners in the area are also opting to purchase identity theft insurance riders to protect against the increasingly common identity-related crimes.
With universal life insurance near Simpsonville, are there any penalties for not paying premiums?
In Simpsonville, SC, policyholders who do not pay their premiums may be subject to certain penalties, such as cancellation of the policy or a lapse in coverage. For certain types of policies, the policyholder may be responsible for extra fees if the premium is not paid. Additionally, unpaid premiums may result in negative consumer credit rating due to nonpayment, impacting the policyholder’s ability to purchase insurance products in the future. Therefore, it is always best to make sure that premiums are paid on time and in full.
Are there any limits to the cash value growth in my universal life insurance quote Simpsonville?
In Simpsonville, South Carolina, there are generally no limits to the growth of cash value in a policy or investment. However, there are external factors that can affect its growth such as inflation and economic downturns. Additionally, tax laws may limit the amount of cash value growth depending on the particular policy. Policyholders should discuss their goals with their insurance or financial advisor to ensure their investments are setup to properly grow and remain compliant with applicable regulations.
Yes, it is possible to increase the death benefit of a life insurance policy at any time during the life of the policy. In Simpsonville, SC, you may look into variable universal life insurance, as this type of policy generally offers the greatest flexibility to increase your death benefit over time. To do so, you may need to increase your premium payments – taking into account the current cash value of the policy – but this could be a great way to increase the death benefit down the line.
Can I repay a loan with the cash value from universal life insurance policies near Simpsonville?
Yes, you can repay a loan with the cash value from your policy in the Simpsonville, SC area. Many life insurance companies in the area will accept your policy as collateral for a loan. Depending on the company, you may use the loan to pay off existing debt, such as credit cards or for any other financial needs. Additionally, the policy can be used as a source of income to cover regular expenses such as mortgage payments, college tuition, and medical bills. If a traditional loan is not an option, tapping into the cash value in your life insurance policy may be viable to cover expenses.
Can I reinstate my universal life insurance in Simpsonville after it lapses?
Depending on the policy, reinstatement may be possible in Simpsonville, SC. You should contact your insurance provider directly to inquire about the specifics of their policy and if a lapsed policy can be reinstated. Additionally, you should be prepared to provide any necessary information requested by the provider, such as policy numbers, dates of lapses, and evidence of current coverage. It is important to note that reinstatement terms and conditions may be different from the original policy will and may even include additional premium payments.
Are there penalties for excessive withdrawals from my Simpsonville universal life insurance policy?
In Simpsonville, SC there are no penalties specifically associated with excessive withdrawals. However, financial institutions will likely issue a fee if withdrawals exceed a certain amount per month or year. It is important to consult with your financial institution to learn their specific policies and the fees that may be assessed for excessive withdrawals. Moreover, depending on a variety of factors, it can be beneficial to research alternative financial institutions or accounts that are better suited to frequent withdrawals and frequently fluctuating balances.
Can I add or remove riders after the policy has started with my Simpsonville universal life insurance company?
Yes, you may be able to add or remove riders after the policy has started in Simpsonville, SC, but it will depend on the rules set by the insurance company. To do so, you should contact your insurance provider as soon as possible as there may be forms to complete, fees, and other considerations before additional riders can be added or removed from your existing policy. You will also need to provide proof of the changes you want to make, such as a recent driver's license or marriage certificate. Your insurance company will then tell you what changes can be made and any associated costs.
Compare Simpsonville, SC Universal Life Insurance Policies
Get started today and compare over 37 Universal Life Insurance providers in as little as 15 minutes.
© 2024 PolicyHub - all rights reserved